Market Research Report
Saudi Arabia Bathrooms 2019
|Published by||BRG Building Solutions||Product code||260892|
|Published||Content info||186 Pages
Delivery time: 1-2 business days
|Saudi Arabia Bathrooms 2019|
|Published: April 30, 2019||Content info: 186 Pages||
This report provides an in-depth analysis of the Saudi bathroom market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next 5 years.
In 2018, sales of bathroom products experienced a decline in Saudi Arabia. This was due to on-going deep reforms engaged by the government, affecting the social, economic and political sphere. Lack of liquidity, down payment for government projects reduced to 5% (from 20%), and longer delay of payment continued to affect the construction sector. Investors continued to be cautious, as the economic climate varies from positive to negative, in a short period of time, and several time throughout the year. The rise of the Prince Ben Salman and his will to change many aspects of the country goes too fast for many decision-makers, as the economy needs more stability and slow change, to be able to bring back investors and grow steadily. Many projects are in the pipeline and the government's decision to transform the country into a new touristic destination led to an unprecedented project over 250km2 of high end resorts and hotels. The shortage in housing continued to be a priority for the government, but at the same time, the government aims to empower the Saudi population, which was for too long, not involved in the development of the country. Along with the deep social and economic reforms, and a higher openness of the country, the Kingdom of Saudi Arabia is at the edge of a new era which should change the face for the country permanently. Sale of bathroom products should get back on track in 2019, along with more stability in the country.
This report focuses on the following product categories: